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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
yes gold will survive but as liquidity dries up fast gold will be sold off too however not below 1000 imo.
Yet again, you make an acute point. Agree graciously! But did I say anything about gold? In fact, I believe that gold WILL be the only survivor of the crash!
By nature, I should be short oil...but I s/how wish to be a spectator (rather than speculator) of the carnage to follow! I'll reload as per the circumstances...and take it long.
Asad
I would not trust self serving recommendations of some market makers . As i mentioned earlier I think
the way for stocks is down and recoveries will be short lived. It is correct to worry about eurozone triggering possibly global recession. A hint is US lumber crashes and I think most commodities will follow. I don't think gold will drop significantly under 1000 but gold will fall, too, as liquidity dries up.
Gold is eventually cash and if one cannot get liquidity out of stocks cash strapped funds will sell gold.
http://www.ashraflaidi.com/articles/more-euro-losses-ahead.asp
Ashraf
What the hell is this?! And trust me...they won't give us a chance to get out! Just stay out of the market & try to secure the bottom - this could well be the punt of a lifetime...
Asad
Asad
P.S. Catnip...mother of all: it is now clearly clear that we're heading for a DD recession! It's MORE of a question of when, than if. What do you think?